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Home My WebLink About2305 3. To place and cominvou~ly keep on the bui!din~s now w here~ftN situat~ on said land a~d on all equipmeM and pe~sonally covered by thi~ mort~ e9~, with all premivms thercon pa~d in fvll, firs i~surance ~n ihe usual stsndard policy form~ in a tum appro+red by the MOR?CAGEE, and windstwm iniurancs fn tM usual siandard pol~q (am, in ~ sum approved by the MORTGAGEE, in ~ such tomp~ny or companies ss Ihe MORTGAGEE may ; direttt ~rd all fire and windstorm in~urance policie~ on anY of iaid buildir+ps, any i~teresl thsrein ~ pa?t thereof, in the sggreg~te s~m afaesaid o~ In ~xcess thereof, ~ha11 conuin the ~swl standard morrgsyte clause o~ :uch othtr ctaus~ ~s Ihs Mwlpagee n+ay requ~re, makiny the bu under ~s~d po1F cie~, each and every. payable to said MORTGAGEE ~i its intere~~ may +ppe+r. and each ~~d eve~y such policy shall be promptly ass.gned ~nd detivered to sny held by said MORTGAGEE as turther tecurity to wid mortyage debt, and, not Itss tMn tsn (10) days in advance of the expirat~on of each poliq, to da live~ to said MORTGAGEE a re~ewal thereof, to9elha with ~ reteipt fo~ the premium of such renewal; and there shall be no fire or windsto~m insur~nte pl~ced o~ any of said b~ildings, any interest ther~in a part fhereof, unleu in ~M form and with ths lou payable as afweuid; and in tl+t evcnt any sum of monsy bc.c~n+es payable under such policy a policie~ said MORTGAGEE shall have ths option ro receive and apply ~he same on account of fhe indebted- ness secured hereby w ro permit uid MORTGAGORS ro recaive ~nd uss it a•ny part Ihereof fw orher purposes, .v~~hout fh_~eb~ weivi~r3 or ~n,pair• ;r~ any pu;ry, lien w ri9ht ~nder or by virtw of this mortQage; and in tM event said MORTGAGORS shall for any ~eason fail to keap ~he said premises so insured, o~ fail to detiver promptly u~y of said policies of in~urante to said MORTGAGEE, or fail pramptly to p~ytfully any p~emium therefw w in a~y ~espect fail ro periorm, d~scharge, oxecute, effect, complete, comply wi~h and ab~de by this cow~nt, o~ any part hereof, said MORTGAGEE may place a~d pay fw suth imurancs w+ny part thereof without waivinp ot affettirq s~y oplion, lien, equity, w right unda~ or by virtue of this Mortgsfle, ~nd tht full amovot of each ~nd ewry iuc6 payment il+all be immediately dve and payabla s~d shali besr interest fram the date thereof until paid at the rat~ of nine pt? centum pet annum and to~ether with such interest shall kx srcured by the lien of this mottgsge. 1. To permit, commit or suffa no waste, impairment o~ deteraration of ssid property w any pa?f thereof. 5. To pay all and sing~lar the costs, charges ~nd expenses, including a reasonable attwney i fee and costs of abatrads of titte, incurred or paid at any time by said MORTGAGfE, bc~cause a in the event of the failure on the part of ~he aaid MORTGAGOR to duly, promp~ly and 4ully perform, d~xharge, execute, eifect, complete, comply with and eb;de by each and every the s~ipulations, agreements, condt~ions, and covenants of said promiswry note and thi~ mor~gage any or either, and said costs, charges and expenses, each and every, shall be immediately due and payable; whe?her w not there be noi~ce de mand, attempt ~o collect or tuit pendirg; and the fvll unount of each and every such paymer.t ahall bear interesf from the date thereof until piid al the rate of nine pe~ centum per annum; and sll said costs, charges and expenses incurred w paid, together with such interest, shall be secured by the lien of thii mwtpsye. . Q That (a) i~ the event of any bresch of this Nbrtgage a defauft on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promp!ly and Fully paid within thirty (30) days next after the same severally become due and payable, without demaod or notice, or in the event each ~nd every the stipulations, agreements, conditions and covenents of sa:d promiuory note a~~d th~s mortgage any w either are not ~uly, promptly and fully perfwmed, d~xharged, executed, effected, completed, complied with and abided by, then in eifhe~ a any such event the said ag gregate wm mentiw~ed in said promissory note then remaining ~~peid, with interest aarued, and all moneys secured t?eroby, shall betome due and pay- abte fathwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as il all of the said sums of money were ong~naily st~pulated to be pu~d on s~ch day, anythi~g in said prom~ssory note or i^ this Mortgage to the contrary rwtwithstanding; and thereupon or thereafter s~ the op~~on of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore w thereaiter begun, may be proxcWed as if all moneys secured hereby had matured pnor to its in3titutiot~ 7. That in the event that st the beginning of or st any time pending any suif upor+ this N4ortgsge, w to fweclose it, a to reform it, or to enforce payment of any claims he~eunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereo! fa the appointment of a Receiver, such Covrt shall fwthwith sppoint a receiver of said mortgsged properfy all and singular, incl~d~ng all and singular the income, pro(its, issues and revenues from whafever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if spec~fically xt forth and desuibed in the g~anting and habendum clauses hereof, and such Receiver shall have sll the broad and effective funct~ons and powers in anywise entrusted by a Cou~t to a Receiver, and such appointment shall be made by suth Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to fhe adeguacy a inadequacy of the value of ~he property mwtgaged w to the so~vency or insolvency of said MORTGAGOR w the defendants, and that ~uch ronis, profits, income, issues and ~erenues shsll be applied by such Receiver according to the lien w equity of said MORTGAGEE and the practice of such Court. • 8. To duty, p?omptly and fully perform, dixharge, execute, effecr, complete, comply with and abide by each and every the stipulations, agreements, conditioro ard covenants ~n said promisso?y note and this mwtgage set forth. 9. That in the event the ow~ership of the morfgaged premises, o~ any part thereof, becomes vested in s person othe: tha~ the-MORTGAGOR, the MORTGAGEE, its successors arxl au~gm, may, without netice to the MORTGAOR, deal with such successa w successor in interest wi~h reference to this mortgage and the debt hereby setured in the sa+ne manner as with Mbrtgagor without in any way vitiating or diuharging the Mortgagors' liability herr under w upon the debt hereby secured. No sale of the prem~ses hereby mortgaged and no fwbearance on the part of the MORTGAGEE or its successon or assgns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGE' or its svccessws or assigns, ahall operate to releau, d~srharge, modify change a affect Ihe org~nal liab~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is specificatly agreed that time is of the eaxnce of this contract and that ra wsiver of any obligat~on hereu~der or of the obligaYan se- cured hereby shalf at any time thercaffer be held fo be a waiver of the terms hereof w of the instrumcnt secured herby. 1 l. In add:tio~ to the_ forego:ng month!y paym-nts of princ'pal and interest required by the promisswy note secured hereby, mortgagor covenants and agrees to pay to mo:tgagee with each monthly payment an add~rional sum estimated by mortgagee to be equal to 1 j 12 of fhe annual cost of the follow- ~ '^9: ; A-All real property taxes levied or assessed against the above described real estate. ! B-Premiu~ns on fire and wi~dstorm insurartce as herein requ"aed to be carried on the imptovemenh situate on the above described premises. j C-Premiums on such mortgage guaranty insurance as-~aortgagee shafl from t~me to time deem fit to carry on_ the loan secured hereby. 4 Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereundrr and such sum shall thereupon be due and Fayable on the due date of the next-monthly payment and each svccessive mo~th thereaftcr urtii mwtgagee shall notify mortgagor of a change in such ~ amount. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance prem~ums, ar.d mwtgage guaranty insurance ( premiums. { IN WITiiESS WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year f' st afwesaid. ~ gned, Seal and deti in the presence of: ~ a~ ~ • , s~,n ~ . t ~C r.~ ~c~4 tse,n # rSeaq ~ ~ TATE Of RORIDA ~ ~ Lucie ~ ~ courm oF St. Before me penonally apeeared H. Frank Gower ~ Marian Gower h;: W~i~, to me well known and known to me to be ~ the individwli desuibed in and who executed the foregoinp instr~ment, and acknowledged befwe me that they executed the same for the purposes ~ therein e:a~~a. a~d rhe ~d Marian Gower ~ wife of the said H• Frank Goi~I upon s separate and prrvat~ ~ examinaPwn by me taken separete and apart from her iaid husband, aticnowtedged to and before me that she executed said instrument freely ~nd voluo- ~ tarily and withovt any compulsion, cantrsint, apprehen}~, or fesr of w from her ssid husband. WITNESS my hand and official seal thi. day of A. D. 19~Q , Notary Public and w t~j State of Florida at larqe My Commisi expires: ~Q(~~, / 97~ Return To: - ~ t' first Federal Savings 3 loan Association ' , .``~:~«~?uti~,,, P3:I:c. State of fbrida ~t luqe ~ Of Fort Pierce. n, ~i, , ;~°'t;.~. y . ~e?r ta~n.~issi«+ f~ira Auq. b 1911 fort Pierce, Florida ' • ~ .`Y ~ ,Jv :•ti ~±c-~::.~~j lo.~.d h AM~k~ Ei! ~ f~lnlOc ~ - - 3 J;~ r~}:~=' FILEO AND RECORDED' ' ~ • ST. LUCIE CQUNTY. FIA.~ ~'r This Instrument Prepared By John W,'Co~litf=~"' ~ W ~ f~FCn?C3 VFRIF~EL~ ; First Federal Savin s& loan Association : 0~ v t 9 . " _ i8947`2 = of Fort Pierce ~ Rlor ida ~ Q = c<< _ . qp ~ ~.~yo•~::: :•P~~,°~~'Y ',jQ FEB 9 AM 8 : 59 ~ Checked By ~fA. , ~~~?ti~`~ ~ • ; t i)--~` E= i•?- T ri S z~ ~ v ~ =:y ~p~~Q~ P~~c~o~ CLERK CIRCtlI COURT~f ~ . _ _ _ _ ~ 3 ~ ~ - - - - - _ .~.y.__ .W~ _ _ . . . ~ . _ . - = _